Zinnwald Lithium Valuation

Is ZNWD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ZNWD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ZNWD (£0.07) is trading below our estimate of fair value (£10.96)

Significantly Below Fair Value: ZNWD is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZNWD?

Key metric: As ZNWD is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ZNWD. This is calculated by dividing ZNWD's market cap by their current book value.
What is ZNWD's PB Ratio?
PB Ratio1.1x
Book€38.85m
Market Cap€41.62m

Price to Book Ratio vs Peers

How does ZNWD's PB Ratio compare to its peers?

The above table shows the PB ratio for ZNWD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.8x
KEFI KEFI Gold and Copper
1.5xn/aUK£36.1m
EEE Empire Metals
4.3xn/aUK£38.4m
ATM Andrada Mining
1.2x72.6%UK£40.5m
GMET Guardian Metal Resources
4.1xn/aUK£38.2m
ZNWD Zinnwald Lithium
1.1xn/aUK£34.3m

Price-To-Book vs Peers: ZNWD is good value based on its Price-To-Book Ratio (1.1x) compared to the peer average (2.8x).


Price to Book Ratio vs Industry

How does ZNWD's PB Ratio compare vs other companies in the GB Metals and Mining Industry?

12 CompaniesPrice / BookEstimated GrowthMarket Cap
POG Petropavlovsk
0.08x12.5%US$56.91m
GEMD Gem Diamonds
0.1x1.9%US$19.80m
RMM Rambler Metals and Mining
0.05xn/aUS$4.07m
IRON Ironveld
0.1xn/aUS$3.43m
ZNWD 1.1xIndustry Avg. 0.9xNo. of Companies16PB00.61.21.82.43+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ZNWD is expensive based on its Price-To-Book Ratio (1.1x) compared to the UK Metals and Mining industry average (0.9x).


Price to Book Ratio vs Fair Ratio

What is ZNWD's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZNWD PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ZNWD's Price-To-Book Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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